TaxReady insights
67 articles / page 2 of 8
Practical guidance on UAE tax, accounting, reporting and business compliance.
Direct and indirect tax in the UAE now shape how companies price sales, record profit, recover input tax, and plan for growth. Direct tax applies mainly to business profit through corporate tax and, for some large multinational groups, top-up tax. Indirect tax applies to transactions through VAT and, in certain sec…
Deferred revenue and deferred expenses in the UAE often cause confusion because cash, revenue, and tax do not move at the same time. A business may receive payment today, recognize revenue later, and trigger VAT at a completely different point. To manage this correctly, it is essential to understand when customer c…
MIS (management information system) report turns accounting data into a practical management tool. It brings together the key numbers leaders need to assess profit, cash flow, working capital, and risk in one clear view. When done well, it supports faster, more confident decisions by providing timely, reliable insi…
A VAT Group arrangement in the UAE allows related legal entities to register under one Tax Registration Number, file as one taxable person, and submit one VAT return through a representative member. Doing so can reduce internal VAT friction and simplify compliance, but it can also spread risk across the entire grou…
The UAE R&D tax credit now applies to tax periods starting on or after 1 January 2026. The Ministry of Finance has released that the incentive is expenditure-based, may offer a 30% to 50% tax credit, and applies to qualifying R&D conducted within the UAE using an OECD Frascati Manual approach. For businesses develo…
The best accounting software in the UAE for SMEs includes QuickBooks, Xero, and Zoho Books, depending on your business model and operational needs. QuickBooks works well for simple service businesses, Xero suits growing companies requiring strong reporting, and Zoho Books is ideal for integrated systems. In this ar…
UAE excise tax is a federal indirect tax applied to specific goods such as tobacco products, vaping devices, energy drinks, and sweetened beverages. The tax is administered by the Federal Tax Authority through the EmaraTax platform and becomes payable when excise goods are imported, produced, or released for consum…
Withholding tax in the UAE is imposed under Article 45 of Federal Decree-Law No. 47 of 2022, but the current applicable rate is 0%. While no cash is presently deducted at source, the UAE has formally established a withholding tax regime within its corporate tax framework. Since corporate tax came into force, withho…
An FTA reconsideration request allows taxpayers in the UAE to formally challenge any decision issued by the Federal Tax Authority, including decisions related to Corporate Tax, VAT, Excise Tax, and administrative penalties. Under Article 29 of Federal Decree-Law No. 28 of 2022 on Tax Procedures, you must file your…
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